Bitcoin has consolidated in the upper $35K handle, testing $36K, which has proven to provide some resistance. The Kovach OBV has leveled off, which suggests it is comfortable in this range for now. It is in a sideways consolidation pattern, which is much needed after such explosive growth. It may range more, but will eventually break out. Watch for support at $34.7K and $33.4K. We will see resistance at $38.6K and $41.9K.
Ethereum is trending up in what appears to be a bull channel. These tend to break down so we may get lower prices soon. Overall, the crypto market is ranging and ETH is no different. It is healthy for the market to range after it has continuously established highs. The Kovach OBV has definitely leveled off and appears to be turning over. If you have any positions in ETH now might be a time to take profits, or wait for that dip to buy more. The levels $1105, and $1030 will be nice.
Litecoin is ranging after a gigantic selloff on the 11th. It has not retraced this selloff as well as some of the other cryptos. In fact, it is looking quite weak. Although it is ranging, establishing footing in the mid $100's, it odes appear to be forming a head and shoulders pattern. This is pretty ominous. Additionally, the Kovach OBV has registered an extreme amount of selling pressure that has since subsided, at least. If it does break down, $130 and $117 will provide support and good levels to buy back.
